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Dorado Announces PriceMaster 4.1
Networked Product Catalog and Price Engine
Tabular formatting and simplified rules management mean users save time while cutting down on errors, all with no IT involvement
San Mateo, Calif.—March 20 , 2007—Dorado Corporation today introduced PriceMaster® 4.1, the newest version of its networked product catalog and pricing engine, designed to address the specific needs of the residential lending industry. New features added in PriceMaster 4.1 are designed to increase speed and functionality, while reducing the possibility of data entry errors. A part of Dorado’s Enterprise Lending System, which also includes Dorado ChannelMaster, PriceMaster enables users to rapidly create new loan programs and risk-based pricing that can be quickly delivered to every channel and business unit with no IT involvement.
“PriceMaster has become the standard for the mortgage industry,” said Dain Ehring, CEO of Dorado. “Previously, lenders had to rely on multiple applications to manage pricing, eligibility, and rates sheets across their lending channels. With PriceMaster, we have bundled all of these features together while giving lenders the option to choose the features they want. The functionality and intuitive structure of the product have increased in version 4.1. We are very excited to continue working with existing PriceMaster customers, as well as those new lenders who are interested in working with Dorado.”
With PriceMaster 4.1, loan program and pricing administrators can easily create and maintain information in a tabular format, with updates to data fields automatically applied across all necessary systems. As a result, less time will be spent updating fields and fewer keystrokes will be needed to update rules, thereby cutting down on the potential for incorrect entries. Users will also be able to take advantage of simplified adjustment rules management features and formatting upgrades that make it easier for users to quickly spot and correct errors.
PriceMaster 4.1 is designed from the ground up to address the specific needs of the mortgage industry. PriceMaster’s rich Internet application interface enables administrators to rapidly create complex selection rules, price adjustments, lock policies, and stipulations that can be associated with multiple loan products. PriceMaster manages products in a catalog format, including information such as product attributes, policies, stipulations, associated documents, and hyperlinks to more information. PriceMaster enables rapid, seamless integration with new or existing applications.
As a networked solution, PriceMaster allows lenders to create a centrally managed enterprise-wide catalog of program and pricing, and then distribute that information across all channels. This eliminates the need to manage pricing changes across multiple systems. Because of its inherent mortgage industry specialization and superior usability, PriceMaster dramatically increases the efficiency of loan product management, providing faster time-to-market for new loan programs and delivering up to the minute mid-day pricing changes to every channel.
Dorado Corporation
Dorado Corporation delivers an on-demand network of home lending applications and services that enables lenders to be more agile. Targeting large and emerging lenders in the United States and Canada, Dorado’s innovative, network-based solutions enable over 350,000 lending professionals to increase productivity and better serve their customers. Dorado solutions have been adopted by many leading lenders, including Chase Manhattan Mortgage Corporation, Countrywide Home Loans, and Washington Mutual. www.dorado.com
Copyright © 2007 Dorado Corporation. All rights reserved. The Dorado logo, Dorado ChannelMaster and Dorado PriceMaster are registered trademarks of the Dorado Corporation. The Dorado nameis a trademark of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.
Press contact:
Mike MacMillan / Chris Sullivan
MacMillan Communications
212-473-4442
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